Robinhood CEO Vlad Tenev mentioned the platform may want blockchain expertise to function 24/7. In an interview with Yahoo Finance, Tenev famous that 24/7 buying and selling could be powerful to function on conventional infrastructure.
In keeping with Tenev, the platform already operates 24/5 buying and selling, which implies customers can use it 24 hours a day on weekdays. Nonetheless, he famous that setting this up has been difficult, which is why most different inventory buying and selling platforms don’t provide it but. He added that it’s unclear whether or not Robinhood market individuals are ready for a 24/7 market.
Tenev mentioned:
“24/7 goes to be powerful with conventional infrastructure. But when we take into consideration tokenization, that is without doubt one of the benefits for each retail and institutional shoppers if we transfer in that route which is that blockchain runs 24/7.”
The CEO’s assertion that Robinhood could undertake blockchain expertise isn’t fully shocking and aligns with earlier strikes by the corporate. Throughout its final earnings name, the corporate disclosed that it’s already utilizing stablecoins for settlements on weekends when monetary establishments will not be open.
Robinhood is bullish on crypto and tokenization
In the meantime, Tenev has been pushing crypto, blockchain expertise, and tokenization as the following frontier for monetary devices. He just lately informed Bloomberg TV that Robinhood’s intention is to turn out to be the platform the place customers can put money into something they need, and the way in which to do that is by tokenizing real-world property.
He additional mentioned on X that Robinhood would speed up crypto adoption by providing extra property, investing within the Robinhood pockets, integrating Bitstamp to entry the institutional crypto market, and supporting tokenization.
Unsurprisingly, Robinhood has now positioned itself as one of many main compliant platforms for buying and selling crypto by retail buyers. It just lately listed the Arbitrum token, ARB, rising its rising record of digital property to 23 cryptocurrencies.
The corporate additionally just lately introduced a Robinhood Trivia, through which it awarded $2 million in BTC to the winners over two days. On the primary day of the competitors, 615 individuals break up $1 million BTC, whereas 754 individuals break up the $1 million BTC on the second day. Tenev has complained about how one of many winners used AI chatbots to take part within the competitors.
Up to now, its pro-crypto place has been useful to the corporate. Tenev was one of many choose invitees to the White Home Roundtable on Crypto. The Securities and Trade Fee (SEC) has already dropped the investigation into Robinhood Crypto with none enforcement motion towards the corporate. The corporate inventory HOOD can also be up 19% this 12 months.
Inventory exchanges plan to start out 24-hour buying and selling
In the meantime, conventional inventory exchanges are additionally gunning for twenty-four/5 buying and selling. Cboe World Markets, which operates the Chicago Board Choices Trade (CBOE), and Intercontinental Trade, which operates the New York Inventory Trade (NYSE) have already introduced their plans.
Nasdaq joined them some days in the past, and its president, Tal Cohen, mentioned that Nasdaq inventory may have 24/5 buying and selling by the second half of 2026 if regulators approve it and its infrastructure suppliers are prepared.
Cohen on Nasdaq plans (Supply: Tal Cohen on LinkedIn)
Cohen added:
“Whereas the promise of round the clock buying and selling could make our markets extra accessible, it additionally calls for cautious and deliberate planning. Liquidity, transparency, and integrity stay the lifeblood of vibrant markets.”
He additional defined that the choice to supply 24/5 buying and selling is premised on technological progress, the worldwide demand for US equities, and elevated retail participation.
